Clara's Utility Function Is U(X, Y)= (X + 2)(Y

question 2

Multiple Choice

Clara's utility function is U(X, Y) = (X + 2) (Y + 1) .If Clara's marginal rate of substitution is -2 and she is consuming 10 units of good X, how many units of good Y is she consuming?

• A)2
• B)24
• C)12
• D)23
• E)5

Comprehend the critiques and limitations of the demographic transition theory.

Analyze the impact of industrialization and modernization on family size and economic burdens.

Identify how gender equality influences fertility rates contrary to various theories.

Acknowledge the strategies employed by governments, such as in Kerala, India, to manage fertility rates.

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Definitions:

Operating Expenses

Costs related to the day-to-day functions of a business that are not directly tied to the production of goods or services, such as rent, utilities, and salaries.

Direct Materials Purchases

The total cost of raw materials bought by a company for use in the production process during a specific period.

Factory Overhead Cost

Costs not directly tied to a specific unit of production or operation, such as maintenance, utilities, and rent.

Zero-Based Budgeting

A budgeting approach where every expense must be justified for each new period, starting from a "zero base."